Quote:
Originally Posted by realcoray
It's definitely possible to find solid investments right now, it isn't like the pros just throw their hands up, they are out there grinding and finding deals.
If you're looking for investments, I would suggest NOT using an agent to find you properties because in my experience most agents are not aware of what constitutes a good investment. Even if they have their own, they are often holding onto money losers.
You don't have to have your license, you just need an agent who is fine with you being in charge, picking out things to look at and operating at your pace.
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I am not arguing that there are plenty of solid investments out there. The problem is getting an offer accepted. I was very proactive in 2010 trying to find something, even offering 5%-10% over in some cases and ended up closing two days after Christmas. I fought tooth and nail for months and never gave up. It was an extremely stressful process and my wife was pregnant at the time so it is not a happy memory. The thought of going through that now with an 18 month old and a 5 year old just doesn't sit well with me. Especially given the fact that inventory levels are even lower now.
Every single house I looked at (which was hovering around 100 in a 9 month period) was researched and found by yours truly through Redfin. Never once did any of the agents call me about a house that fit my criteria, I was always one step ahead of them, which is truly sad.